Hsbc Holdings PLC Increases Stake in Grab Holdings Limited $GRAB

Key Points

• Hsbc Holdings PLC increased its stake in Grab Holdings Limited by 8.6%, acquiring an additional 550,525 shares, bringing its total holdings to approximately 6.99 million shares valued at $31.64 million.
• Multiple institutional investors, including LPL Financial LLC and Wells Fargo & Company MN, significantly increased their positions in Grab during the 4th quarter, with LPL Financial lifting its stake by 221%.
• Grab's shares opened at $5.13 with a market capitalization of $20.66 billion, and the company reported revenue of $819 million for the last quarter.

Hsbc Holdings PLC raised its stake in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 8.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,986,503 shares of the company's stock after acquiring an additional 550,525 shares during the quarter. Hsbc Holdings PLC owned about 0.17% of Grab worth $31,642,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of GRAB. Oppenheimer Asset Management Inc. acquired a new stake in shares of Grab during the 1st quarter worth approximately $165,000. NewEdge Advisors LLC raised its stake in shares of Grab by 426.9% during the fourth quarter. NewEdge Advisors LLC now owns 79,447 shares of the company's stock valued at $375,000 after acquiring an additional 64,370 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Grab by 669.7% during the first quarter. Janney Montgomery Scott LLC now owns 92,638 shares of the company's stock valued at $420,000 after acquiring an additional 80,602 shares during the last quarter. SG Americas Securities LLC raised its stake in Grab by 98.9% during the first quarter. SG Americas Securities LLC now owns 227,950 shares of the company's stock worth $1,033,000 after buying an additional 113,373 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in Grab by 1,032.5% during the fourth quarter. Wells Fargo & Company MN now owns 225,155 shares of the company's stock worth $1,063,000 after buying an additional 205,274 shares during the last quarter. 55.52% of the stock is owned by institutional investors.

Grab Stock Up 0.7%

GRAB traded up $0.04 during midday trading on Thursday, hitting $4.99. The company had a trading volume of 8,014,032 shares, compared to its average volume of 35,727,402. Grab Holdings Limited has a 52 week low of $3.18 and a 52 week high of $5.72. The company has a quick ratio of 1.87, a current ratio of 1.88 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $20.07 billion, a price-to-earnings ratio of 124.41 and a beta of 0.84. The stock's 50 day moving average price is $5.00 and its 200 day moving average price is $4.78.

Grab (NASDAQ:GRAB - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.01. The firm had revenue of $819.00 million during the quarter, compared to analysts' expectations of $809.41 million. Grab had a net margin of 3.65% and a return on equity of 1.75%. Grab has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.

About Grab

Grab Holdings Limited engages in the provision of superapps in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The company offers its Grab ecosystem, a single platform with superapps for driver- and merchant-partners and consumers, that allows access to mobility, delivery, digital financial services, and enterprise sector offerings.